ZAWYA: Investcorp acquires a majority stake in UK facilities management firm

About this update from Investcorp Capital Plc

Staff WriterInvestcorp, the Bahrain-based alternative investment firm, has acquired a majority stake in Smart Managed Solutions, a mechanical and electrical facilities management firm in the UK.Details of the stake sale and the financial terms have not been disclosed.London-based Smart is a provider of critical M&E maintenance services, including HVAC, electrical, fire, water and gas systems.Following the stake sale, Investcorp has said Smart will follow a targeted M&A strategy to expand into new end-markets and regions across the UK.(Writing by Bindu Rai, editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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